This week, we focus on client service. Retirement plan advisers can play a big role in helping participants with their rollover decisions. As well, if they reach out to those participants who have taken hardship withdrawals to help them structure a budget, advisers might very well help those participants put their financial houses in order and avoid taking another hardship withdrawal. Related to this is the fact that many workers are saddled with debt, so, when implementing a wellness program, helping workers reduce that debt should be a cornerstone of the program. And it is also important for advisers to make themselves available for one-on-one advice when offering a financial wellness program. That way, they can prompt workers to make sound financial decisions.
|